It has proven effective at stimulating economic activity. This critical functioning of the market has contributed to the belief that the more market activity there is, (Gross Product), the better off we are. ... GDP increases with polluting activities and then again with clean-ups. ... Since the GDP first added the economic activity that generated that waste, it creates the illusion that pollution is a double benefit for the economy. ... If people have less leisure time, they may be packing greater quality, or at least more money, into the time they have....

• Word Count: 943
• Approx Pages: 4
• Has Bibliography

Krugman uses five points to further his case: progress of key economic sectors, progress of health "leading to increase in life span, shift of wealth to human capital, gains in women's rights, and increase in more hours devoted to non-employment activities such as leisure and family activities. ...

• Word Count: 403
• Approx Pages: 2
• Grade Level: High School

Despite the fact that consultants, financial analysts and a wide range of experts cannot provide the exact quantity of the success of the Expo, they mutually agrees that the event will create a huge economic benefit to the country through the instigation of huge economic activities comprising of billions of dirhams. Besides, the activity will also spur the creation of a wide range of jobs opportunities in multiple sectors such as the banking and transportation sectors (Shaw-Smith, 2014). ... Indeed, direct economic activity is witnessed in the creation of the infrastructure which will also ...

• Word Count: 1116
• Approx Pages: 4
• Has Bibliography
• Grade Level: Undergraduate